Aura (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09284515 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Aura (UK) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

67,677

6,466

Tangible assets

5

201,418

127,147

269,095

133,613

CURRENT ASSETS

Stocks

46,541

39,876

Debtors

6

421,166

724,469

Cash at bank and in hand

954,208

1,363,828

1,421,915

2,128,173

CREDITORS

Amounts falling due within one year

7

(913,238

)

(1,506,794

)

NET CURRENT ASSETS

508,677

621,379

TOTAL ASSETS LESS CURRENT
LIABILITIES

777,772

754,992

PROVISIONS FOR LIABILITIES

(45,842

)

(26,986

)

NET ASSETS

731,930

728,006

CAPITAL AND RESERVES

Called up share capital

400

Capital redemption reserve

400,000

Retained earnings

331,530

327,606

731,930

728,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr R Hope - Director

1.	STATUTORY INFORMATION

Aura (UK) Ltd is a private company, limited by shares, domiciled in England, registration number 09284515. The registered office is Aspect House City Gate, London Road, Derby, DE24 8WY.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services in respect of air conditioning supply, installation and service, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of four years.

Intellectual property

Intellectual Property, being the amount paid in connection with the acquisition of intellectual property in 2024 being amortised evenly over its estimated useful life of five years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2024

25,860

-

25,860

Additions

-

71,239

At 31 December 2024

25,860

71,239

97,099

AMORTISATION

At 1 January 2024

19,394

-

19,394

Charge for year

6,466

3,562

10,028

At 31 December 2024

25,860

3,562

29,422

NET BOOK VALUE

At 31 December 2024

-

67,677

At 31 December 2023

6,466

-

6,466

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 January 2024

19,568

213,722

233,290

Additions

10,898

133,550

144,448

Disposals

-

(71,557

)

(71,557

)

At 31 December 2024

30,466

275,715

306,181

DEPRECIATION

At 1 January 2024

4,868

101,275

106,143

Charge for year

5,652

37,774

43,426

Eliminated on disposal

-

(44,806

)

(44,806

)

At 31 December 2024

10,520

94,243

104,763

NET BOOK VALUE

At 31 December 2024

19,946

181,472

201,418

At 31 December 2023

14,700

112,447

127,147

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

345,989

566,612

Other debtors

75,177

157,857

421,166

724,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

112,556

128,779

Amounts owed to group undertakings

533,443

767,974

Taxation and social security

212,398

222,313

Other creditors

54,841

387,728

913,238

1,506,794